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BEIJING - China will curb increases in local government hidden debt and control the size of new local government bonds for high-risk regions, Assistant Finance Minister Ou Wenhan told a press conference on Wednesday.
As of the end of 2020, China's outstanding local government debt amounted to 25.66 trillion yuan ($3.92 trillion), said Ou.
($1 = 6.5395 Chinese yuan renminbi) REUTERS